Remitly Global, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.26B | $944.3M | $653.6M | $458.6M | $257.0M | $126.6M |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | $313.9M | $269.8M | $219.9M | $138.7M | $64.1M | $40.8M | $32.0M |
| SG&A Expense | $225.1M | $195.9M | $179.4M | $131.3M | $70.9M | $31.7M | $25.7M |
| Operating Income | $77.5M | $-39.1M | $-114.2M | $-121.0M | $-39.7M | $-29.2M | $-50.6M |
| Operating Margin | 4.7% | -3.1% | -12.1% | -18.5% | -8.7% | -11.4% | -40.0% |
| Interest Expense | — | — | $2.4M | $1.3M | $1.3M | $1.2M | $1.6M |
| Pretax Income | $71.6M | $-30.3M | $-111.9M | $-113.0M | $-37.7M | $-31.4M | $-51.1M |
| Income Tax Expense | $3.7M | $6.7M | $5.9M | $1.0M | $1.0M | $1.2M | $259.0K |
| Net Income | $67.9M | $-37.0M | $-117.8M | $-114.0M | $-38.8M | $-32.6M | $-51.4M |
| Net Margin | 4.2% | -2.9% | -12.5% | -17.4% | -8.5% | -12.7% | -40.6% |
| EPS (Basic) | $0.33 | $-0.19 | $-0.65 | $-0.68 | $-0.21 | $-0.17 | $-0.33 |
| EPS (Diluted) | $0.31 | $-0.19 | $-0.65 | $-0.68 | $-0.21 | $-0.17 | $-0.33 |
| Shares Outstanding (Basic) | 205.8M | 194.6M | 180.8M | 167.8M | 182.2M | 193.1M | 191.6M |
| Shares Outstanding (Diluted) | 217.6M | 194.6M | 180.8M | 167.8M | 182.2M | 193.1M | 191.6M |
| Dividends Per Share | — | — | — | — | — | — | — |